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BUS 450: FINAL EXAM 2025
BRAND NEW ACTUAL EXAM WITH
ANSWERS.
Advantage is the _________ - correct answer -superiority in one
or more of three areas resources, skills, or position
Feasibility is determining whether __________ - correct answer -
strategies can be attempted within the physical, human, and
financial resources of the firm
Consonance allows the firms to determine whether their _______
- correct answer -strategies can be flexible or adapt in response
to changes within the firm's environment
Consistency is the ability of a firm to ___________ - correct
answer -maintain operational or financial success without
setbacks
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Benchmarking is the process of __________ - correct answer -
comparing one's firm to those of successful firms to see what can
be changed for better
Balanced scorecard approach aims to balance : - correct answer -
- long-term and short-term concerns
- financial and non-financial concerns
-internal and external concerns
Contingency planning is the act of creating an ___________ -
correct answer -alternative plan that can be put into effect if
certain key events do not occur as expected
Sustainability means : - correct answer -that an organizations
action protect, mend, and preserve the natural environment
Business ethics - correct answer -principles of conduct within a
firm that guides behavior and decision making
BUS 450: FINAL EXAM 2025
BRAND NEW ACTUAL EXAM WITH
ANSWERS.
Advantage is the _________ - correct answer -superiority in one
or more of three areas resources, skills, or position
Feasibility is determining whether __________ - correct answer -
strategies can be attempted within the physical, human, and
financial resources of the firm
Consonance allows the firms to determine whether their _______
- correct answer -strategies can be flexible or adapt in response
to changes within the firm's environment
Consistency is the ability of a firm to ___________ - correct
answer -maintain operational or financial success without
setbacks
, Page | 2
Benchmarking is the process of __________ - correct answer -
comparing one's firm to those of successful firms to see what can
be changed for better
Balanced scorecard approach aims to balance : - correct answer -
- long-term and short-term concerns
- financial and non-financial concerns
-internal and external concerns
Contingency planning is the act of creating an ___________ -
correct answer -alternative plan that can be put into effect if
certain key events do not occur as expected
Sustainability means : - correct answer -that an organizations
action protect, mend, and preserve the natural environment
Business ethics - correct answer -principles of conduct within a
firm that guides behavior and decision making
